- 8:47 am Wednesday, November 8th, 2017 by Staff Writer
As the vote totals rolled in on Tuesday, and Democrats chalked up election wins in Virginia, New Jersey and other states, the outcome sparked an immediate flurry of predictions about what will happen in the 2018 mid-term elections, and whether it would mean an electoral rebuke for President Donald Trump, with Democrats hoping to win back control of the House and Senate.
Here’s a look at some of the election clues:
1. Is the GOP edge in Congress going to end in November 2018? This will be the biggest story line over the next year. Typically, there are losses in the [More]
- 8:27 pm Tuesday, November 7th, 2017 by Staff Writer
Still smarting from their loss in the race for President in 2016, Democrats won dual victories in the race for Governor in Virginia and New Jersey, as they cast the election wins as a repudiation of President Donald Trump, arguing the results showed the voters weren’t pleased with the direction of the President and the Republican Party.
“A comprehensive Democratic victory from the statehouse to the courthouse,” said Rep. Gerry Connolly (D-VA), who immediately said it was a reaction to President Trump.
“Dear Donald. It really is all about you tonight. You cost the GOP a big loss in [More]
- 12:03 pm Tuesday, November 7th, 2017 by Staff Writer
Top Republicans in the Congress raised questions on Tuesday about the failure of the Air Force to send information to the gun sale background check system about the man who killed 26 people at a Texas church on Sunday, with one GOP lawmaker wondering out loud whether the failure to report domestic violence matters may be a broader issue for the military in general.
“News that the Air Force failed to notify the FBI of Devin Kelly’s military criminal record is appalling,” said Rep. Mac Thornberry (R-TX), the Chairman of the House Armed Services Committee.
“Furthermore, I am concerned that the failure [More]
- 11:16 pm Monday, November 6th, 2017 by Staff Writer
Lawmakers from both parties repeatedly sparred with each other on Monday in the first full day of work before a key U.S. House committee on a GOP tax reform package, as Republicans made some small changes to the bill, trying to smooth over any internal party divisions on the tax details, which still might cause trouble for the Republican plan in both the full House and Senate.
“Not only do we deliver tax relief for every American family, especially those who feel like they’ve been left behind,” said Rep. Carlos Curbelo (R-FL), as GOP lawmakers on the House Ways and Means [More]
- 4:24 pm Monday, November 6th, 2017 by Staff Writer
The spirited debate over gun violence quickly spilled into the Congress on Monday, a day after a gunman shot and killed 26 people at a church in a rural town near San Antonio, Texas, as Democrats said lawmakers should act to ban assault weapons, while Republicans said now was not the right time to talk about any legislative action on guns.
“It’s important that we allow this investigation to be completed, so we can know exactly what happened,” said Sen. John Cornyn (R-TX), as he spoke about the mass shooting in his home state.
“We ought to want to know exactly what [More]
- 2:02 pm Sunday, November 5th, 2017 by Staff Writer
As Republicans in the Congress begin their push for sweeping tax reforms, with the House Ways and Means Committee starting committee work on Monday afternoon, those who were around on Capitol Hill when the Congress approved the landmark 1986 Tax Reform Act can quickly point out a number of obvious differences between the 2017 and 1986 efforts – and detect some familiar echoes of the 1986 debate as well.
Here’s some of the ways that things are different – and similar – in the 1986 and 2017 versions of tax reform:
1. If 1986 tax reform was the tortoise, then 2017 is [More]
- 9:05 am Saturday, November 4th, 2017 by Staff Writer
As thousands of horse racing fans gather at Del Mar Racetrack in California for the finale of the 34th Breeders’ Cup World Championships on Saturday, gamblers big and small won’t spend their time at the Super Bowl of horse racing worried about a specific deduction in the tax code that can be used by horse bettors, as the Republican tax reform bill released this week would end items like a popular write-off for state and local taxes, but the federal tax deduction for gambling losses would be untouched.
- 4:13 pm Friday, November 3rd, 2017 by Staff Writer
A day after rolling out a GOP tax reform bill, the House Republican in charge of writing that plan said he would offer ‘additional’ changes to the bill early next week, and left open the possibility that provisions dealing with the Obama health law might be added to the measure as well.
“At the start of our markup on Monday, I will also offer an additional amendment making more substantive improvements to the bill,” Rep. Kevin Brady (R-TX) said in a statement from the House Ways and Means Committee, as the panel issued some technical changes to the measure, [More]
- 8:13 pm Thursday, November 2nd, 2017 by Staff Writer
The 429 page tax reform bill unveiled by House Republicans on Thursday would make a series major changes to the tax code, reducing the number of tax brackets from seven to four, eliminating and limiting a number of major deductions, and cutting the corporate tax rate from 35 to 20 percent. But past those headlines were a number of smaller provisions, which may be small in financial impact, but could still be felt by individuals around the nation.
Here’s some of the more interesting items tucked away in the GOP tax reform bill:
1. Even some small tax deductions [More]
- 11:19 am Thursday, November 2nd, 2017 by Staff Writer
Republicans in the U.S. House rolled out their long awaited tax reform bill on Wednesday, vowing to quickly move it through the Congress, arguing it will help spur economic growth, job creation, and in turn bring in more revenue to Uncle Sam to deal with the growing federal deficit and debt. But the details quickly faced opposition from some key business groups, as well as GOP lawmakers, who worried about how the elimination of certain personal deductions would impact voters back home.